OREANDA-NEWS. July 26, 2011. DemirBank has come to an agreement with Credit Suisse Microfinance Fund Management Company through Luxembourg’s ResponsAbility Global Microfinance Fund – microfinance institution to attract new financing, reported the press-centre of DemirBank.

According to the signed agreement, Credit Suisse Microfinance Fund Management Company has allocated USD2.5 mln to DemirBank for a term of 2 years. This amount will be used for small business lending by DemirBank.

“This is the 7th agreement concluded with intermediation of ResponsAbility Global Microfinance Fund microfinance institution. DemirBank has been cooperating with ResponsAbility Global Microfinance Fund since 2007 and has managed to attract USD22,5 mln until today”, - Yusif Jabbarov, Deputy Chairman of the Board mentioned.

DemirBank actively cooperates on crediting and trade financing programs with more than 20 international financial institutions, such as European Bank for Reconstruction and Development, International Finance Corporation, Netherlands Development Finance Company (FMO), Black Sea Trade and Development Bank, German-Azerbaijan Fund, German Investment Company DEG, International Development Fund OFID, Islamic Corporation, USAID (USA), Rosemount Global Fund (USA), SIFEM AG Investment Fund, ING BANK (Netherlands) etc.